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Jindal Shadeed strengtens positions in July-September

According to the official statement, Jindal Shadeed sold 480,000 tonnes of steel products during the second Quarter, with a 33% increase in volumes year-on-year. At the same time, the figure decreased on a quartertly basis by 5.9%, but the company increased its revenue over the mentioned period to $226 million.

Stronger sales supported the gradual recovery in steel demand after gloomy spring boosting operating performance. The plant increased production by 24% year-on-year and 41.7% on quarterly base, reaching 510,000 t in July-September.

The Confident second quarter  figures translated into positive results for the first half (April 1 – September 30). Jindal Shadeed increased sales by 27% year-on-year to 980,000 tonnes, according to the official information. Steel production also increased by 10% and reached 870,000 tonnes.

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Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

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